The forecast for tax expenditure on end-use electricity for consumers in the US from 2024 to 2028 shows a steady trend, with values remaining constant at $1.11 billion for 2024 and 2025, then slightly increasing to $1.12 billion from 2026 through 2028. In 2023, the actual expenditure was also $1.11 billion, indicating minimal growth in expenditure over this period. The year-on-year variations reflect an almost negligible change, with a gradual increase during the latter part of the forecast period. Over the five-year span, the Compound Annual Growth Rate (CAGR) remains effectively flat, showcasing limited variations observed in consumer expenditure.
Future trends to watch for in this sector may include:
- Technological advancements that could impact electricity consumption patterns.
- Policy changes affecting tax incentives or subsidies related to renewable energy.
- Shifts in consumer behavior driven by increased environmental awareness.
- Potential economic shifts that could alter electricity demand or cost structures.